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PBM Transparency: Three Firms Agree To Standards Set By Employer Group

Executive Summary

Three pharmacy benefit management companies are in the vanguard of firms that have committed to giving up profits based on drug price differentials and rebates

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Seven new PBMs have agreed to adhere to transparency standards set by the HR Policy Association. Medco, Caremark, Blue Cross & Blue Shield of Alabama, Catalyst, Cigna, HealthTrans, and Restat have been certified according to HR Policy's Transparency in Pharmaceutical Purchasing Solutions principles, the coalition of large employers announced July 24. Aetna, MedImpact and Walgreens were recertified (1"The Pink Sheet" Aug. 15, 2005, p. 15). The TIPPS principles were updated to include new requirements related to specialty pharmacy. Express Scripts is not participating in the HR Policy Association program...

Medco and Caremark agree to transparency

Seven new PBMs have agreed to adhere to transparency standards set by the HR Policy Association. Medco, Caremark, Blue Cross & Blue Shield of Alabama, Catalyst, Cigna, HealthTrans, and Restat have been certified according to HR Policy's Transparency in Pharmaceutical Purchasing Solutions principles, the coalition of large employers announced July 24. Aetna, MedImpact and Walgreens were recertified (1"The Pink Sheet" Aug. 15, 2005, p. 15). The TIPPS principles were updated to include new requirements related to specialty pharmacy. Express Scripts is not participating in the HR Policy Association program...

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